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By: Luke Bujarski
Local governments continue to put public dollars to work saving both the environment and money on property owners’ energy bills.  Through creative financing methods known as Property Assessed Clean Energy or PACE programs, communities are opening access to capital for energy audits and property retrofitting of existing buildings.  Twenty-three states have adopted legislation allowing public funds to be used by private owners looking to retrofit their properties.  While resistance from the mortgage industry has stalled progress in the residential sector, a renewed focus on commercial  properties has charted …

By: Luke Bujarski
Chicago’s green real estate investment market may have taken another step forward this month. Coordinated by the Chicago Metropolitan Agency for Planning (CMAP), the Better Buildings Initiative aims to create jobs and save people money on their energy bills by strengthening the market for energy efficient properties. The goal of the program is to leverage over 500 million dollars of public and private funds to retrofit over 8,000 residential, commercial, and industrial properties over the next three years.
A building “retrofit” refers to the various steps a property owner …